RMR - Leadership updates

Industrial Logistics Properties Trust (NASDAQ:ILPT) today announced that Anthony Paula has been appointed as Chief Financial Officer and Treasurer, effective October 1, 2026. Mr. Paula is a Vice President of The RMR Group (NASDAQ:RMR) where he is responsible for certain accounting, SEC reporting and corporate finance functions. Mr. Paula has more than 15 years of commercial real estate experience, including accounting and corporate finance, capital markets transactions, SEC reporting and compliance, and has been with RMR since 2011. Mr. Paula has also served as Vice President of Diversified Healthcare Trust (NASDAQ:DHC) since December 2024, and he will resign from that position in connect

Mr. Welch is an Experienced Global Capital Markets Executive with a Mandate to Expand RMR's International Capital Relationships The RMR Group (NASDAQ:RMR) today announced that Peter Welch has been appointed Senior Vice President and Head of International. In this newly created role, Mr. Welch will be responsible for expanding RMR's international brand and relationships with global institutional capital partners. He will focus exclusively on RMR and its managed clients, working to support RMR's capital formation initiatives and long-term strategic objectives. Mr. Welch's role will complement the previously announced hiring of Mary Smendzuik as a Senior Vice President and Head of Capital

Sonesta International Hotels Corporation ("Sonesta") today announced that Keith Pierce, Executive Vice President and President of Franchise and Development at Sonesta, and Jeff Leer, Executive Vice President at The RMR Group (NASDAQ:RMR), have been appointed as Co-Chief Executive Officers of Sonesta, effective April 1, 2026. Mr. Pierce has been a member of Sonesta's executive leadership team since 2021, where he has been instrumental in leading the significant expansion of Sonesta's global franchising business. Prior to joining Sonesta, he held senior executive positions at The Passionality Group, Wyndham Hotel Group and Cendant Corporation. Mr. Leer, a member of RMR's management commit

Industrial Logistics Properties Trust (NASDAQ:ILPT) today announced that Yael Duffy has been appointed as a Managing Trustee and President and Chief Executive Officer of ILPT, effective January 1, 2026. Ms. Duffy has been President of ILPT since April 2022 and its Chief Operating Officer since May 2020. Ms. Duffy is also an Executive Vice President of The RMR Group (NASDAQ:RMR), responsible for overseeing asset management, leasing and property management functions of a portfolio of office, industrial and retail properties managed by RMR. Ms. Duffy joined RMR in 2006 and has served in various capacities with RMR since that time. About Industrial Logistics Properties Trust ILPT is a real e

Robert Klein Appointed Chief Financial Officer; Brings Extensive Financial and Real Estate Expertise Entirely New Executive Team Installed Under Jon Pertchik Leadership Leadership Changes Will Support Growth Plan to Improve Operations for the Category Leader ANDMORE®, the largest owner and operator of tradeshows in the U.S., today announced the appointment of Robert Klein as Chief Financial Officer. Klein joins ANDMORE from Postal Realty Trust, Inc. (NYSE:PSTL), where he served as Chief Financial Officer since 2021. "Nothing transforms a company more than excellent senior leadership, with diverse skillsets and broad-based experience," said Jonathan Pertchik, CEO of ANDMORE. "Our lea

Ms. Smendzuik Joins RMR as an Experienced Industry Executive Dedicated to Implementing RMR's Private Capital Growth Strategies The RMR Group (NASDAQ:RMR) today announced the appointment of Mary Smendzuik as a Senior Vice President and Head of Capital Formation. In this newly created role, Ms. Smendzuik will lead RMR's private capital raising strategy and spearhead expanding RMR's relationships with institutional investors. In her role as Head of Capital Formation, Ms. Smendzuik will leverage RMR's platform and experience to further diversify its client base and increase its private capital assets under management. Ms. Smendzuik has more than 18 years of experience in investor relations

Seven Hills Realty Trust (NASDAQ:SEVN) today announced that Matthew Brown has been appointed as Chief Financial Officer and Treasurer, effective March 10, 2025. Mr. Brown is a Senior Vice President of The RMR Group (NASDAQ:RMR) where he oversees the accounting and finance functions and the tax department. Mr. Brown has served in various accounting and finance leadership roles since joining RMR in 2007 and has extensive experience in reporting and compliance, mergers and acquisitions, capital market transactions and technical accounting matters. Mr. Brown is a certified public accountant and also serves as Chief Financial Officer of Diversified Healthcare Trust (NASDAQ:DHC). Mr. Brown succ

Service Properties Trust (NASDAQ:SVC) today announced that Chris Bilotto has been appointed as a Managing Trustee, President and Chief Executive Officer of SVC, effective March 10, 2025. Mr. Bilotto is an Executive Vice President of The RMR Group (NASDAQ:RMR), overseeing its acquisition platform, asset management for all hotel and senior living properties, as well as property development and redevelopment throughout the United States. Prior to joining RMR in 2011, Mr. Bilotto worked at General Growth Properties in various management roles. Mr. Bilotto also serves as a Managing Trustee, President and Chief Executive Officer of Diversified Healthcare Trust (NASDAQ:DHC). Mr. Bilotto succeeds

Diversified Healthcare Trust (NASDAQ:DHC) today announced that Anthony Paula has been appointed Vice President. Mr. Paula is a Vice President of The RMR Group (NASDAQ:RMR), whose responsibilities include overseeing the accounting, SEC reporting and corporate finance functions for DHC. Mr. Paula has more than 15 years of real estate experience, including accounting and corporate finance, capital market transactions, SEC reporting and compliance. Prior to joining RMR in 2011, Mr. Paula worked at a public accounting firm as a staff accountant. About Diversified Healthcare Trust DHC is a real estate investment trust focused on owning high-quality healthcare properties located throughout t

Service Properties Trust (NASDAQ:SVC), or SVC, today announced that Jesse Abair has been appointed as Vice President. Mr. Abair is a Vice President of The RMR Group (NASDAQ:RMR), where he leads a team responsible for the sourcing, underwriting, design, entitlement and leasing of all development projects managed by RMR. He has more than 15 years of experience in commercial real estate development. Prior to joining RMR in 2017, Mr. Abair was a partner at a Boston law firm, where he managed a comprehensive real estate practice that included assisting clients with land use regulation and development matters. About Service Properties Trust Service Properties Trust (NASDAQ:SVC) is a real es

Seven Hills Realty Trust (NASDAQ:SEVN) today announced that Jared Lewis has been appointed as Vice President. Mr. Lewis is a Vice President of The RMR Group (NASDAQ:RMR) where he leads a team in screening, sizing and underwriting new commercial real estate mortgage loans. He is also a Vice President of Tremont Realty Capital. Mr. Lewis joined Tremont's predecessor business in 2002, and throughout his career has been involved in the structuring of over $3.4 billion worth of debt and equity investments. About Seven Hills Realty Trust Seven Hills Realty Trust (NASDAQ:SEVN) is a real estate finance company focused on originating and investing in first mortgage loans secured by middle mark

Industrial Logistics Properties Trust (NASDAQ:ILPT) today announced that Marc Krohn has been appointed Vice President. Mr. Krohn is a Vice President of The RMR Group (NASDAQ:RMR), whose responsibilities include overseeing the leasing, operations, and management of ILPT's mainland industrial portfolio. Mr. Krohn has more than 20 years of commercial real estate experience. Prior to joining RMR in 2015, he held senior roles at CBRE, Duke Realty and Zeller Realty Corporation. About Industrial Logistics Properties Trust ILPT is a real estate investment trust focused on owning and leasing high quality distribution and logistics properties. As of March 31, 2024, ILPT's portfolio consisted of

Strategic Hire Underscores RMR's Commitment to Residential Real Estate and Focus on Continued Growth of Private Capital AUM Mr. Walia Has Closed More Than $5.2 Billion in Real Estate Acquisitions With More Than $4.1 Billion in the Residential Sector The RMR Group (NASDAQ:RMR) today announced the appointment of Summit Walia as Vice President, Head of Residential Acquisitions. In this new role, Mr. Walia will lead the execution of RMR Residential's investment strategy nationwide and will report to Rob Lester, Senior Vice President, Chief Investment Officer, Residential. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/202405159121

Office Properties Income Trust (NASDAQ:OPI) today announced that Yael Duffy has been appointed President and Chief Operating Officer, effective January 1, 2024. Ms. Duffy will continue to serve as President and Chief Operating Officer of Industrial Logistics Properties Trust (NASDAQ:ILPT). She is also a Senior Vice President of The RMR Group (NASDAQ:RMR), overseeing asset management, leasing and property management for all office, industrial and retail properties managed by RMR. Ms. Duffy succeeds Christopher Bilotto who has been elected President and Chief Executive Officer of Diversified Healthcare Trust (NASDAQ:DHC), effective January 1, 2024. About Office Properties Income Trust

Diversified Healthcare Trust (NASDAQ:DHC) today announced that Christopher Bilotto has been appointed President and Chief Executive Officer, effective January 1, 2024. Mr. Bilotto is an Executive Vice President of The RMR Group (NASDAQ:RMR), overseeing portfolio management for all office, industrial and retail properties managed by RMR and hotel and senior living asset management, as well as development and redevelopment across the United States. Prior to joining RMR in 2011, Mr. Bilotto worked at General Growth Properties in various management roles. Mr. Bilotto succeeds Jennifer Francis who is retiring from RMR on July 1, 2024 and therefore resigning from her executive officer positio

The RMR Group (NASDAQ:RMR) today announced that Jennifer Francis, an Executive Vice President, will be retiring from RMR on July 1, 2024 and that she will be resigning as an executive officer of RMR and Diversified Healthcare Trust (NASDAQ:DHC) effective December 31, 2023. Ms. Francis' roles and responsibilities at RMR and DHC will be assumed by other RMR personnel. To ensure a smooth transition, Ms. Francis will remain a non-executive employee of RMR until her retirement on July 1, 2024. Adam Portnoy, President and Chief Executive Officer of The RMR Group, made the following statement: "We congratulate Jennifer on her retirement and thank her for 17 years of dedicated service to RMR

Seven Hills Realty Trust (NASDAQ:SEVN) today announced the appointment of Fernando Diaz, CFA, as Chief Financial Officer and Treasurer, effective October 1, 2023. Mr. Diaz joined The RMR Group (NASDAQ:RMR) in 2007 and currently serves as a Vice President, responsible for credit risk and business analytics. Mr. Diaz has over 15 years of experience as a securities analyst and portfolio manager. Prior to the Trust's deregistration as an investment company, which was effective on January 5, 2021, he served as president and senior portfolio manager of the Trust from 2015 to January 2021 and as a vice president and portfolio manager of the Trust from 2007 to 2015. Prior to joining RMR in 2007,

Industrial Logistics Properties Trust (NASDAQ:ILPT) today announced that Tiffany Sy has been appointed as Chief Financial Officer and Treasurer, effective October 1, 2023. Ms. Sy has served in finance and accounting leadership roles at The RMR Group (NASDAQ:RMR) since 2020. Most recently, she was Chief Financial Officer and Treasurer of Tremont Realty Capital and Seven Hills Realty Trust. Prior to joining RMR, Ms. Sy held leadership positions in accounting at AlerisLife Inc. (then known as Five Star Senior Living Inc.) and Bank Rhode Island. Ms. Sy previously practiced public accounting for 15 years, including in the audit practice of Ernst & Young LLP for more than 10 years. Ms. Sy is a

Industrial Logistics Properties Trust (NASDAQ:ILPT) today announced that Brian E. Donley has been appointed as Chief Financial Officer and Treasurer, effective October 1, 2022. Mr. Donley has more than 25 years of commercial real estate experience, including expertise in corporate finance and reporting, mergers and acquisitions, capital market transactions and compliance. He has served in various finance and accounting leadership roles at The RMR Group (NASDAQ:RMR) since 1997 and has been promoted to a Senior Vice President of RMR, effective October 1, 2022. Mr. Donley also serves as Chief Financial Officer and Treasurer of Service Properties Trust (NASDAQ:SVC) and is a certified public ac

Seven Hills Realty Trust (NASDAQ:SEVN) today announced that Tiffany Sy has been appointed as Chief Financial Officer and Treasurer, effective October 1, 2022. Ms. Sy joined The RMR Group (NASDAQ:RMR) in 2020 as a Senior Director, Accounting, and is responsible for various aspects of the accounting function supporting RMR and its clients, including SEVN. Ms. Sy has been promoted to a Vice President of RMR and has also been appointed Chief Financial Officer and Treasurer of Tremont Realty Capital, both effective October 1, 2022. Prior to joining RMR, Ms. Sy held various accounting leadership positions at Five Star Senior Living and Bank Rhode Island. Ms. Sy also practiced public accounting

Office Properties Income Trust (NASDAQ:OPI) announced the results of its 2022 Annual Meeting of Shareholders, which was held earlier today, as follows. Barbara D. Gilmore was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Trustee is as follows: Independent Trustee                 Percentage of Shares Voted – For Barbara D. Gilmore                 75.6% John L. Harrington was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Trustee is as follows: Independent Trustee                 Percentage of Shares Voted – For John L. Harrington

Service Properties Trust (NASDAQ:SVC) announced the results of its 2022 Annual Meeting of Shareholders, which was held earlier today, as follows. Laurie B. Burns was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Independent Trustee is as follows: Independent Trustee       Percentage of Shares Voted For Laurie B. Burns       81.9% Robert E. Cramer was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Independent Trustee is as follows: Independent Trustee       Percentage of Shares Voted For Robert E. Cramer       78.9

Diversified Healthcare Trust (NASDAQ:DHC) announced the results of its 2022 Annual Meeting of Shareholders which was held today. The results of the Annual Meeting of Shareholders were as follows. Lisa Harris Jones was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Independent Trustee is as follows: Independent Trustee Percentage of Shares Voted For Lisa Harris Jones 80.0% John L. Harrington was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Independent Trustee is as follows: Independent Trustee Percentage of Shares Voted For John

Elects Matt Jordan as Managing Trustee Industrial Logistics Properties Trust (NASDAQ:ILPT) announced the results of its 2022 Annual Meeting of Shareholders which was held today. Lisa Harris Jones was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Trustee is as follows: Independent Trustee Percentage of Shares Voted – For Lisa Harris Jones 69.2% Joseph L. Morea was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Trustee is as follows: Independent Trustee Percentage of Shares Voted – For Joseph L. Morea 63.5% Kevin C. Ph

Seven Hills Realty Trust (NASDAQ:SEVN) announced the results of its 2022 Annual Meeting of Shareholders which was held today. Barbara D. Gilmore was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Trustee is as follows: Trustee Percentage of Shares Voted – For Barbara D. Gilmore 80.3% Joseph L. Morea was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Trustee is as follows: Trustee Percentage of Shares Voted – For Joseph L. Morea 94.4% Shareholders ratified the appointment of Deloitte & Touche LLP as SEVN

Jeff Leer Appointed Interim President and Chief Executive Officer Board of Directors Engages Healthcare Consulting Group of Alvarez & Marsal to Conduct Operational Review AlerisLife Inc. (NASDAQ:ALR) today announced that it has named Jeff Leer as Interim President and Chief Executive Officer, effective May 1, 2022. Mr. Leer has served as Executive Vice President, Chief Financial Officer and Treasurer of ALR since 2019 and will continue these responsibilities. Mr. Leer succeeds Katie Potter, who resigned as President and Chief Executive Officer, effective April 30, 2022. ALR also announced that its Board of Directors has engaged the healthcare consulting group of Alvarez & Marsal (A&M) to

Service Properties Trust (NASDAQ:SVC) today announced that Todd Hargreaves has been appointed as its President and Chief Investment Officer, effective April 1, 2022. Mr. Hargreaves has served as Vice President of SVC since 2019 and as Vice President and Chief Investment Officer of SVC since 2020. Mr. Hargreaves is also Senior Vice President of The RMR Group (NASDAQ:RMR), responsible for all real estate and real estate related acquisitions at RMR. Prior to joining RMR in 2010, Mr. Hargreaves worked at AIG Investments, where he was responsible for commercial real estate loan origination and asset management. He has more than 15 years of experience working in the commercial real estate indust

Industrial Logistics Properties Trust (NASDAQ:ILPT) today announced that Yael Duffy has been appointed as its President and Chief Operating Officer, effective April 1, 2022. Ms. Duffy has served as Vice President of ILPT since 2019 and as Vice President and Chief Operating Officer of ILPT since 2020. Ms. Duffy is also a Senior Vice President of The RMR Group (NASDAQ:RMR), responsible for overseeing asset management of a portfolio of office, industrial and retail properties managed by RMR, as well as RMR's credit and business analytics teams. Ms. Duffy succeeds John Murray, who is becoming President and Chief Executive Officer of Sonesta International Hotels Corporation (Sonesta), effectiv

The RMR Group Inc. (NASDAQ:RMR) today announced the results of its 2022 Annual Meeting of Shareholders which was held today. Ann Logan was re-elected as an Independent Director. The final tabulation of the percentage of shareholders' votes cast for this Director is as follows: Director   Percentage of Shares Outstanding For Ann Logan   96.5% Rosen Plevneliev was re-elected as an Independent Director. The final tabulation of the percentage of shareholders' votes cast for this Director is as follows: Director   Percentage of Shares Outstanding For Rosen Plevneliev   97.4% Jonathan Veitch was re-elected as an Independent Director. The final tabulation of th

$32 Billion Alternative Asset Manager Enhances Capability to Source Private Capital for Investments in Core Real Estate Financial Industry Veteran Brings 30 Years of Experience to RMR The RMR Group Inc. (NASDAQ:RMR) today announced the appointment of Andrew Fay as Senior Vice President. In this new role, Mr. Fay will be responsible for establishing and developing a capital markets team that will focus on sourcing capital from private investment partners including ultra-high net worth investors, family offices, targeted registered investment advisors, foundations and endowments. Adam Portnoy, President & Chief Executive Officer, made the following statement: "We welcome Andy to RMR's sen

Elects Jennifer B. Clark as Managing Trustee; OPI's Board is Now 50% Comprised of Women Office Properties Income Trust (NASDAQ:OPI) today announced the results of its 2021 Annual Meeting of Shareholders, which was held earlier today, as follows. William A. Lamkin was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Trustee is as follows: Independent Trustee   Percentage of Shares Voted – For William A. Lamkin   96.1% Elena B. Poptodorova was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Trustee is as follows: Independent Trustee   Per

Service Properties Trust (NASDAQ:SVC) today announced the results of its 2021 Annual Meeting of Shareholders, which was held earlier today, as follows. Laurie B. Burns was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Independent Trustee is as follows: Independent Trustee   Percentage of Shares Voted For Laurie B. Burns   76.0% William A. Lamkin was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Independent Trustee is as follows: Independent Trustee   Percentage of Shares Voted For William A. Lamkin   65.7% Shareholders v

Industrial Logistics Properties Trust (NASDAQ:ILPT) today announced the results of its 2021 Annual Meeting of Shareholders which was held today. Joseph L. Morea was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Trustee is as follows: Independent Trustee Percentage of Shares Voted – For Joseph L. Morea 59.1% Shareholders voted to approve executive compensation by means of an advisory vote. The final tabulation of the percentage of shareholders' votes cast for this proposal is as follows: Proposal Percentage of Shares Voted – For Approval of Executive Compensation 92.9% Shareholder

Tremont Mortgage Trust (NASDAQ:TRMT) today announced the results of its 2021 Annual Meeting of Shareholders which was held today. Matthew P. Jordan was re-elected as a Managing Trustee. The final tabulation of the percentage of shareholders' votes cast for this Trustee is as follows: Trustee     Percentage of Shares Voted – For Matthew P. Jordan     92.4% William A. Lamkin was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Trustee is as follows: Trustee     Percentage of Shares Voted – For William A. Lamkin     89.2% Shareholders approved the Amended and Restated T

RMR Mortgage Trust (NASDAQ:RMRM) today announced the results of its 2021 Annual Meeting of Shareholders which was held today. Adam D. Portnoy was re-elected as a Managing Trustee. The final tabulation of the percentage of shareholders' votes cast for this Trustee is as follows: Trustee   Percentage of Shares Voted – For Adam D. Portnoy   74.8% Jeffrey P. Somers was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Trustee is as follows: Trustee   Percentage of Shares Voted – For Jeffrey P. Somers   77.5% Shareholders approved the RMR Mortgage Trust 2021 Equity Compensation Plan. The final ta

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced the results of its 2021 Annual Meeting of Shareholders which was held today. Ann Logan was re-elected as an Independent Director. The final tabulation of the percentage of shareholders’ votes cast for this Director is as follows: Director Percentage of Shares Outstanding For Ann Logan 96.6% Rosen Plevneliev was re-elected as an Independent Director. The final tabulation of the percentage of shareholders’ votes cast for this Director is as follows: Director Percentage of Shares Outstanding For Rosen Plevneliev 96.5% Jonathan Veitch was re-elected as an Ind

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced a regular quarterly cash dividend on its shares of Class A Common Stock and Class B-1 Common Stock of $0.38 per share ($1.52 per share per year). This distribution will be paid to RMR’s shareholders of record as of the close of business on January 25, 2021 and distributed on or about February 18, 2021. The RMR Group LLC, or RMR, is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. It conducts substantially all business for its parent company, The RMR Group Inc. (Nasdaq: RMR). RMR’s vertical integration is strengthened by mo